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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Lease The components of lease cost for the years ended December 31, 2024, 2023 and 2022 were as follows (in millions):
202420232022
Operating Lease Cost$419 $387 $282 
Finance Lease Cost:
Amortization of Lease Assets
33 33 36 
Interest on Lease Liabilities
4 5 6 
Variable Lease Cost122 91 71 
Short-Term Lease Cost535 567 425 
Total Lease Cost
$1,113 $1,083 $820 
Schedule of Outstanding Lease Assets And Lease Liabilities
The following table sets forth the amounts and classification of EOG's outstanding ROU assets and related lease liabilities at December 31, 2024 and 2023 and supplemental information for the years ended December 31, 2024 and 2023 (in millions, except lease terms and discount rates):
DescriptionLocation on Balance Sheet20242023
Assets
Operating Leases
Other Assets$1,005 $974 
Finance Leases
Property, Plant and Equipment, Net (1)
141 170 
Total
$1,146 $1,144 
Liabilities
Current
Operating Leases
Current Portion of Operating Lease Liabilities$315 $325 
Finance Leases
Current Portion of Long-Term Debt32 34 
Long-Term
Operating Leases
Other Liabilities725 676 
Finance Leases
Long-Term Debt118 149 
Total
$1,190 $1,184 
(1)    Finance lease assets are recorded net of accumulated amortization of $219 million and $190 million at December 31, 2024 and 2023, respectively.
Schedule of Weighted Average Remaining Lease Term And Discount Rate
20242023
Weighted Average Remaining Lease Term (in years):
Operating Leases5.05.3
Finance Leases4.55.5
Weighted Average Discount Rate:
Operating Leases4.6 %4.3 %
Finance Leases2.6 %2.6 %
Schedule of Cash Paid for Leases
Cash paid for leases for the years ended December 31, 2024, 2023 and 2022 was as follows (in millions):
202420232022
Repayment of Operating Lease Liabilities Associated with Operating Activities$226 $226 $199 
Repayment of Operating Lease Liabilities Associated with Investing Activities202 172 95 
Repayment of Finance Lease Liabilities33 32 35 
Schedule of Operating And Finance Non-Cancellable Leases Maturity
At December 31, 2024, the future minimum lease payments under non-cancellable leases were as follows (in millions):
Operating LeasesFinance Leases
2025$355 $35 
2026240 30 
2027152 30 
2028131 30 
2029117 30 
2030 and beyond171 4 
Total Lease Payments
1,166 159 
Less: Discount to Present Value126 9 
Total Lease Liabilities
1,040 150 
Less: Current Portion of Lease Liabilities315 32 
Long-Term Lease Liabilities
$725 $118